In some countries, people prefer to rent a house for accommodation, while in other countries people prefer to buy their own house. Does renting a house have more advantages or disadvantages than buying a house? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

When considering the advantages and disadvantages of renting a

house

, one should bear in mind the complexity of the issue. While some people believe that renting a

house

is preferable, others think that buying an apartment is more beneficial. In my opinion, buying a

house

is better, because it allows us to have a private residency where we can feel safe and secure. In the following essay, I will provide

areguments

a fact or assertion offered as evidence that something is true

arguments

and examples to support my opinion.

one

Suggestion

One

of the main disadvantages of renting a flat, is that

rent

is

subjected

Suggestion

subject

to changes in the local housing market, which can lead to a sharp increase in the monthly charge. As a consequence, people who

rent

a

house

might not be able to

efford

be able to spare or give up

afford

avoid

these changes, and will be forced to

relocated

Suggestion

relocate

to other, more

effordable

that you have the financial means for

affordable

places, like remote cities or other countries.

This

can have a negative impact on the person's daily activities,

such

as longer driving time to work and

longer

Suggestion

long

distance to other family members. Another argument in favour of my opinion, is that buying a flat gives us a property which we can remain for the rest of our lives. Unlike renting an apartment, where the

rent

is given to the property owner, when we take a loan to buy a

house

our monthly expense is given to the bank. Eventually, after the loan is fully paid, the person has a private residency where he can remain without the need to pay

rent

.

Consequently

, people who buy a property will have a better financial stability later in

life

. According to the New York Times, people over the age of 65 years, who owns a

house

have a higher quality of

life

in

comparisson

the act of examining resemblances

comparison

to those who still pay

rent

.

This

demonstrates that buying a

house

leads to a better economical stability. In conclusion, I maintain that buying a

house

is beneficial, because we are not influenced by market changes, and because it leads to a better economical stability later in

life

. People should invest their money better and buy an apartment so that they will have a better

life

.